Jakarta Deputy Governor Sandiaga Uno said state lender Bank Rakyat Indonesia (BRI) is willing to help finance his entrepreneurship program OK OCE.

BRI will provide loans to the participants of the program.

“Alhamdulillah [thank God] BRI has agreed to give credit with interest of 7 percent,” Sandiaga said, as quoted by tempo.co.

“This is a major milestone because in addition to city-owned lender Bank DKI, BRI is also willing to [provide loans].”

Sandiaga will meet BRI officials on Tuesday but refused to give details about the size of the loans and its limits.

The loan scheme from BRI will be the same as Bank DKI. OK OCE participants will be able to obtain loans after passing six steps: registration, training, accompaniment, permission, marketing and reporting.

Sandiaga also claimed that BRI had agreed to collaborate with the administration to assist in the Jakarta Smart City program to handle big data and establish technology-based services for residents. (wnd)